Zacks Analyst Blog Highlights: Google Inc., Yahoo Inc., Cisco Systems, Microsoft Corporation and Hewlett Packard Company - Press Releases
For Immediate Release
Chicago, IL – January 14, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Google Inc. (GOOG), Yahoo Inc. (YHOO), Cisco Systems (CSCO), Microsoft Corporation (MSFT) and Hewlett Packard Company (HPQ).
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Here are highlights from Wednesday’s Analyst Blog:
Google Out of China?
Google Inc. (GOOG) has publicly stated that it is considering pulling out of the fast-growing Chinese market. The statement was made as a result of an investigation over several weeks into China’s Internet censorship system that revealed a systematic and targeted hacking into Google’s corporate infrastructure.
Google stated that the hacking resulted in theft of intellectual property (IP) and compromised gmail accounts related to human rights activists located both within and outside China. Twenty other companies have also been impacted. It is not yet clear however whether the Chinese government had a hand in the affair and China has not yet put forward any comment.
It is interesting to note however that Google has only made a public statement, leaving the door open to further negotiations. It has not taken a strategic decision to exit China as Yahoo Inc. (YHOO) did when it sold off its stake in Alibaba Group in September last year.
We also don’t think that any of the other top IT companies, such as Cisco Systems (CSCO), which provides networking equipment, Microsoft Corporation (MSFT), which generates significant revenue from Windows-based PCs sold in China, or Hewlett Packard Company (HPQ), which sells a large number of PCs in China are likely to follow in Google’s footsteps.
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